Forbes Financial News

It is no longer news that investors in Terra’s LUNA have been counting their losses since the collapse of the token following the depegging of the UST Stablecoin. Speaking on its own woes, the founder of Avalanche Foundation and the CEO of Ava Labs, Emin Gun Sirer in a recent interview with Forbes stated that the foundation has lost $60m following the failure of the Terra ecosystem.

Avalanche is facing a testing day in the past 24 hours with the Ava Labs cryptocurrency facing massive volatility. The AVAX token initially went through a 16% dip before gaining momentum and rising above by 10%.

The United States Congress has elaborated on its plan to regulate cryptocurrencies and other digital assets after careful assessments. The legal ambiguity of digital assets has been a major concern in several major economies. The recent Terra crash has only increased the need for regulation in which $15 billion was lost from the crypto market.

At the time of writing, Polygon [MATIC] was trending on Twitter. You might think that’s a good sign for the asset, but considering that LUNA’s Do Kwon was also a trending topic, it’s well worth taking a second look to make sure all is well.

On the latest episode of his podcast, Anthony Pompliano engaged with Russell Star, Chairman and CEO of DeFi Technologies. During the same, they spoke about the current global economic landscape and how the Feds are hindering crypto and Web3.0 growth.

Приложение Русской службы BBC News доступно для IOS и Android. Вы можете также подписаться на наш канал в Telegram.

Musk break securities laws again? Former securities officials and professors said Musk may have missed a key disclosure deadline when he bought 9% of Twitter. And Securities and Exchange Commission regulators could use any shortfall to try to punish Musk more for other lapses, some believe. Musk on Monday disclosed that he bought a 9.2% stake in Twitter Inc, making him the micro-blogging site's largest shareholder and triggering a rise of more than 27% in the company's shares. The filing said March 14, 2022 is the date of the event that requires the statement.

The Forbes crypto billionaires list has been updated, and the number of individuals who have made vast fortunes in digital assets has increased substantially.

Автор фото, Евгений Софийчук/ТАСС

Binance is looking to diversify its business interests by acquiring company’s outside the scope of cryptocurrency, according to a report from the Financial Times. 

In 2021, Binance made headlines when it was chased out of jurisdiction after jurisdiction in order to comply with local laws. But in 2022, are things changing for the once-targeted exchange?

Emmanuel Macron hasn't officially declared that he's a candidate for April's presidential election yet.

German President Frank-Walter Steinmeier was reelected on Sunday for a five-year term in a largely ceremonial post where he must embody a moral authority that cuts across party lines.

The leaders of six opposition parties in Turkey met Saturday to strategize about the future of the country's governing system — a move that aims to unseat the country's longtime ruler.

Cryptocurrency exchange operator Binance Holdings is making a $200m investment in the publisher of Forbes magazine, an unusual tie-up between a digital-currency firm and a traditional media outfit, the companies said on 10 February.

The relationship between the media and cryptocurrencies is fast evolving. Especially since it is one of the main channels through which much of the adoption has been facilitated. In fact, analysts in the past have even noted price hikes to sustained media hype, especially with meme cryptocurrencies like Dogecoin and Shiba Inu, prompting many countries in the past to issue warnings to crypto advertisers.

In a statement, Binance CEO Changpeng Zhao said: “As Web 3 and blockchain technologies move forward and the crypto market comes of age we know that media is an essential element to build widespread consumer understanding and education."However, amid concerns about conflict of interests at the publication, he later took to Twitter to insist that "Forbes editorial independence is and will always be sacrosanct".The multi-billionaire added that the investment is to "help them build Web3 infrastructure in the coming years".Last year, Binance dropped a lawsuit against Forbes and two of its journalists over a story about the crypto firm's corporate structure. In September, having faced regulatory scrutiny in a host of countries, Binance vowed to centralise its business structure to address concerns about a lack of systemic transparency.Zhao tweeted yesterday: "Like many fast-growing, innovative companies, Binance is used to media scrutiny.

FlamingoDAO’s non-fungible token (NFT) portfolio is now worth an estimated $1 billion, DAO’s members and reports from Forbes confirmed.

Cryptocurrency exchange operator Binance Holdings is making a $200m investment in the publisher of Forbes magazine, an unusual tie-up between a digital-currency firm and a traditional media outfit, the companies said on 10 February.

Binance, the world's largest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, a print and digital publisher, founded in 1917 and best known for the magazine of the same name. The funding from Binance is supposed to assist Forbes in completing a planned merger with a special purpose acquisition company (SPAC) in the first quarter of 2022.

Major cryptocurrency exchange Binance will make a $200 million investment in Forbes, the media company said on Thursday, with the platform taking a stake through a publicly traded special purpose acquisition company (SPAC).